Is ERC Specialists A Legitimate Company? Full Review
ERC Specialists is absolutely a legitimate company. The company’s professional and knowledgeable accounting staff focus exclusively on the employee retention tax credit to maximize refunds.
To truly know whether ERC Specialists is the right company for your claim, we must first examine the following points:
- How Does ERC Specialists Work?
- Who Founded ERC Specialists?
- ERC Specialists Fees
- ERC Specialists Money Back Guarantee
- ERC BBB Ratings
- ERC Specialists Google Reviews
- Pros and Cons
- ERC Specialists Phone Number
If you are considering using ERC Specialists for your business's Employee Retention Tax Credit claims, you are in good hands. ERC Specialists is a respected and reliable company who's staff boasts over 40 years of experience in payroll taxes. They offer an easy-to-understand four-step process that can help businesses claim and maximize their ERC refunds.
How Does ERC Specialists Work?
With competitive rates, positive reviews from clients, and experts, this article will explore why ERC Specialists is a great choice for businesses looking to take advantage of the program. So if you're ready to liberate yourself from the hassle of dealing with complex tax laws, keep reading!
ERC Specialists is an experienced payroll tax company that has been helping businesses get the maximum refund their Employee Retention Tax Credit. They specialize solely in ERC claims and provide a number of resources to help small business owners understand the program.
The company works with businesses of all sizes, providing ERC services nationwide to eligible organizations. Their competitive rates and flexible payment options have earned them praise from clients as they make the complex process simple and efficient.
The four-step process includes a free analysis to determine eligibility, calculating the credit amount, filing amended tax returns on behalf of the business owner, and tracking refunds via secure online portals. They promise average 10-20% higher returns than CPAs with a 100% money-back guarantee if clients are not satisfied.
With positive feedback from clients combined with professional expertise, it's no wonder why ERC Specialists is building a name for itself among other companies that specialize in ERC funding.
You can easily get an ERC refund with the four-step process offered by ERC Specialists, and they have competitive rates for their services. The company calculates the amount of the credit and files amended tax returns on your behalf to retroactively claim the tax credit as a refund from the IRS. They also offer a free analysis so you know if you qualify for the ERC before making any decisions. Plus, they provide easy and efficient service to help maximize your refund.
ERC Specialists has two payment options – pay upfront or have fees deducted from refund checks – with competitive rates compared to other similar companies. What's more, they guarantee 100% money back if you aren't satisfied with their services. You can even log in to check on your refund status at any time during the process.
The secure online portal gives you access to upload payroll records as well as copies of Form 941-X needed for filing amended returns. Unfortunately, due to an IRS backlog, refunds may take longer than usual but ERC Specialists strives to help businesses receive their maximum refunds quickly and efficiently nonetheless.
Who Founded ERC Specialists?
Justin Atkinson
ERC Specialists was co-founded by present CPO Justin Atkinson. Upon learning of the Employee Retention Tax Credit, Justin quickly saw a great need for infrastructure to support the program that was lacking at the time. He created a reliable and scalable system that now provides access to this critical tax credit for thousands of businesses making ERC Specialists an industry leader.
Josh Zieglowsky
ERC Specialists was co-founded by present CPO Justin Atkinson. Upon learning of the Employee Retention Tax Credit, Justin quickly saw a great need for infrastructure to support the program that was lacking at the time. He created a reliable and scalable system that now provides access to this critical tax credit for thousands of businesses making ERC Specialists an industry leader.
Advisory Board
The company also hosts an impressive group of advisory board members made up of former US Attorney General Matt Whitaker, former Utah state Attorney General Sean Reyes, and James Clarke of Clarke Capital Partners. Combined with an expert legal and accounting staff dedicated and focused on this specific tax credit, you can rest assured that your tax credit refund will be maximized and audit proof.
ERC Specialists Fees
How Much Does ERC Specialists Charge?
You can trust that ERC Specialists will offer you competitive pricing, with an option to pay upfront or have fees deducted from refund checks, so you can maximize your tax credit return. The company’s service charge is based on a percentage of the credit recovered. ERC Express’s free analysis provides each business with a calculation of the fee before any work begins on your claim.
ERC Specialists has two payment options: a 10% fee if you pay upfront before receiving the refund or a 15% fee if you pay upon receiving your ERC funds. This is competitive compared to other ERC companies and their rates. Additionally, they offer a 100% money-back guarantee for added peace of mind.
The company's secure online portal allows businesses to easily upload payroll records and access copies of Form 941-X documents at any time, providing extra assurance during this crucial process. With their experienced team and commitment to service excellence, there's no doubt that your experience with ERC Specialists will be smooth and successful from start to finish!
ERC Specialists Money Back Guarantee
ERC Specialists' money-back guarantee is an added bonus for those uncertain about claiming the ERC. This company offers a 100% satisfaction guarantee that allows you to get your money back if you're not fully satisfied with their services.
With this guarantee, you can have peace of mind knowing that your funds are safe and secure with ERC Specialists. The money-back guarantee makes sure that clients feel secure in entrusting their funds to the company.
Knowing that any mistakes done on their part will be rectified by returning your money is a huge plus for potential clients looking into utilizing ERC Specialists' services. This means you don't have to worry about paying out-of-pocket costs due to mistakes or miscommunications between yourself and the company.
It's clear that ERC Specialists has taken measures to ensure customer satisfaction through its competitive pricing options as well as its money-back guarantee policy. Both of these features make it easier for businesses to understand how much they can save by using the company's services, all while feeling secure in their decision with a 100% refund policy in place should something go wrong.
Pros and Cons
Many clients have praised ERC Specialists for simplifying the claim process and giving them an overall positive reputation. They've earned great reviews for their easy-to-use platform, communication, professional and knowledgeable team, and fast and efficient ERC claims.
Here are some key takeaways from customer feedback:
PROS
* Easy-to-use Platform
* Professional & Knowledgeable Team
* Fast & Efficient Claims Process
CONS:
* Long Phone Hold Times
Overall, customers are satisfied with the services provided by ERC Specialists. Their high ratings on Merchant Maverick further endorse their credibility as a leading provider of ERC services.
The company's commitment to helping businesses maximize their refunds is unwavering, even in light of the IRS backlogs that may delay payment processing times. With competitive rates and a 100% money-back guarantee, small business owners can feel secure in choosing ERC Specialists as their partner in claiming the Employee Retention Tax Credit.
ERC Specialists BBB
ERC Specialists is Better Business Bureau accredited and has garnered numerous positive customer testimonials within Google Reviews as well. See the many testimonials below.
ERC Specialists Google Reviews
ERC Specialists Phone Number
ERC Specialists phone number is (385) 707-0170. As explained in the previous section, one of the few customer complaints with respect to ERC Specialists is their lengthy hold times. This is likely due to the ever-increasing volume of new claims due the increased awareness and accessibility of this specific tax credit.
It is therefore suggested that your start your claim via the form portal link below. Simply click the button below to be taken to the secure Linqqs ERC Qualification page to begin the claim process. From there, your claim information will be forwarded to ERC Specialists for speedy and, more importantly, accurate processing by the company’s seasoned accounting and legal team.
Best ERC Company
You can rest assured that ERC Specialists is a legit company. Their team of experts is experienced in payroll taxes and has helped many businesses maximize their ERC refunds.
The four-step process, competitive pricing, money-back guarantee, and positive reviews from clients and industry experts make them the ideal choice for anyone looking to claim the ERC tax credit.
With such an experienced team to help you through the process, you can trust that your business will be taken care of by ERC Specialists.
Who Can Apply For Employee Retention Tax Credit?
Businesses that meet the eligibility criteria can apply for an Employee Retention Tax Credit.This credit is available to employers who have 500 or fewer employees, and have been partially closed due to a government order or experienced at least a 20% revenue decline in any quarter this year.
To qualify, businesses must also keep their employees on the payroll. The credits are worth up to $26,000 per employee and the longer an employer keeps them on payroll, the bigger benefits they will receive.
Employers can claim these credits by filing Form 941 with their quarterly federal tax returns or through an amended return after the end of the calendar year.
If you are making an ERTC claim for the year 2020, you can receive 50% of the qualified wages of your full-time workers quarterly. Total wages considered are capped in 2020 at $10,000 per employee. Therefore, the highest credit you will receive per employee is $5,000. or the year 2021, you can receive 70% of the qualified wages of your full-time workers quarterly for Quarter 1, Quarter 2, and Quarter 3.
Employers should make sure all information provided is accurate when applying for this credit as inaccurate information could lead to penalties from the IRS. It's important to know what type of qualifications need to be met before attempting to submit an application for this credit.
How Long Does It Take To Get A Refund From Employee Retention Tax Credit?
It's often confusing to figure out how long it takes to get a refund from the Employee Retention Tax Credit (ERTC). But don't worry, we'll explain it in this article.
First of all, when you apply for ERTC, you need to provide certain documents and information that your accountant or tax preparer will use to complete the process. This might include things like quarterly wage statements or payroll reports.
After you have everything ready, it usually takes 2-3 weeks for the project to be completed and for an amended 941-x form to be issued. But keep in mind that these figures can vary depending on factors such as the complexity of the situation, your compliance history with taxes, or if any additional documentation is needed.
That said, you should always check with your accountant or tax preparer about their timeline so that you know exactly when you're likely to receive your refund. No matter what though, it's important to make sure that all of your paperwork is properly submitted and up-to-date – otherwise delays may occur and could affect when you get paid back!
Employee Retention Tax Credit Qualifications
The Employee Retention Tax Credit (ERTC) is a great way to help employers keep their employees even during tough times. To qualify for the credit, there are certain criteria that must be met.
Here's what you need to know:
* An employer must have had operations suspended due to COVID-19 or experienced a significant decrease in gross receipts.
* If an operation was shut down by government order, it counts as suspension of operations.
* If the business saw a drop in revenue over 2020 or the first three quarters of 2021, then this would count as a significant decline in gross receipts.
A new startup business could also qualify if they meet certain requirements in either the third or fourth quarter of 2021.
It's important to remember that not all businesses will be eligible for ERTC -- but those who do can receive up to $7,000 per employee! This money can really make a difference and help companies stay afloat while trying times pass. Plus, once qualified, employers don't have to wait until next tax season to get the funds - they can start claiming them right away.
Employee Retention Tax Credit 2023 Deadline
Now that we know the qualifications for the Employee Retention Tax Credit, let's move on to when it needs to be filed by.
The present deadline is April 15th, 2025.This means that if you are looking to apply for this credit during any of these years, make sure you do so before those dates.
It’s important to note that even though there are many opportunities throughout the year to apply for different tax credits or deductions, ERC only has a single filing window per year. So don't miss out! It’s also worth noting that applying late could mean that you won't qualify for the maximum amount possible.
When it comes down to it, making sure you take advantage of all available credits and deductions is essential when filing taxes - especially ones like ERC which have such a short window of opportunity each year. Keep an eye out and make sure not to miss deadlines or else you may end up losing out on some valuable savings.
Frequently Asked Questions
What is the Employee Rentention Credit (ERC)?
The Coronavirus Aid, Relief, and Economic Security Ac, signed into law on March 27, 2020, included two programs to assist businesses with keeping workers employe: Employee Retention Tax Credit (ERTC) administered by the Internal Revenue Service and the Payroll Protection Program (PPP) administered by the Small Business Administration.
How is ERC different from the Payroll Protection Program(PPP)?
PPP funds are not taxable as revenue and you may still take deductions for the payroll covered by PPP. The funds from the PPP are distributed based on 2.5 months of payroll and a minimum of 80% of the funds must be used on payroll to be eligible for forgiveness.
ERTC tax credits, however, are credits (or refunds) for a percentage of payroll in each quarter that you qualify. There are specific rules for determining eligibility by quarter, and limiting the dollars that can be claimed for each employee.
If I Received Funds from the PPP, Do I Still Qualify for the ERTC?
The short answer is “Yes”. You can claim ERTC even if you received PPP funds. In March of 2021, The American Rescue Plan Act of 2021 created expansions and modifications to existing criteria of Employee Retention Tax Credit.
Businesses that received PPP funds could now also claim ERTC tax credits. ERTC credits can be retroactively claimed for businesses that qualified in 2020. The ERTC qualification period was extended through 9/30/21 with lower eligibility requirements.
The refundable credit amount increased from 50% of qualifying wages in 2020 to 70% in 2021. The per-employee cap on qualifying wages was increased from $10,000 for all of 2020 to $10,000 per quarter for the first 3 quarters of 2021.
How Do I Apply for the Employee Renention Tax Credit and My CPA Do This?
Unlike the Payroll Protection Program, there is technically no application process for the Employee Retention Tax Credits. You would simply claim the ERTC tax credit like any other tax credit by asserting to the IRS that you can legally claim the credit.
Whether your tax accountant is a CPA or EA, they most likely only prepare Federal and State Income Tax Returns. However, ERTC credits are claimed against Employment Taxes on Form 941, and cash advanced through Form 7200.
The ERTC program is quite complex, which one of the main reasons most CPA's do not mention or attempt the claim process. It is also the reason most businesses pursued the PPP loan instead.
For prior quarters, you must file an amended form (the Form 941-X) to reduce your current quarter’s tax contribution. Also, you must request a refund of excess credits.
ERC Specialists provide a focused and dedicated service for processing ERC claims exclusively. Most business CPAs reach out to ERC Specialists for their Employee Retention Tax Credit claim needs. Click the button below to access the secure LINQQs portal to qualify and get your claim started before this plan expires. This provides audit protection and peace of mind.
Click the button below to start your claim